As anticipated, competitive market conditions have returned to the Oahu real estate market. October was a particularly strong month, as low mortgage interest rates, along with years of pent-up demand, pushed up sales. While active listings are still up island-wide, in more than half of Oahu market areas there are fewer homes for sale than a year ago.

Yes, you can own a single-family home on Oahu for less than $400,000! We rounded up the top five single-family homes for sale priced below $400,000 this month.

The single-family home market is gaining strength. Inventory is beginning to decrease as Days on Market return to previous record-low levels. These market conditions give way for potential price increases in single-family homes in the coming months. For condos​, inventory is rising but is being quickly absorbed.